Citizens

Will Citizens ask you to verify your residence is primary?

Citizens: Get Ready to Prove Your Residency

You’ll need to prove to Citizens that your policy covers a “Primary Residence”. If your home is not your “primary residence” you will face higher rate increases in the future. The Florida Office of Insurance Regulation (OIR) has approved an increase in the capping factor on policies for non-primary residences. This change will affect new […]

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Will Citizens ask you to verify your residence is primary?

It’s Take-Out Time at Citizens: Are You Ready?

Its that time again when Citizens Property Insurance reduces the number of policies on their books by using the Take-Out program. Every few years, private insurance companies in Florida go out of business or stop writing new business here. This forces new policies to be written into Citizens and swells its exposure to claims. Since

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Florida Special Legislative Session

Florida Special Session on insurance: The Results

The following is a reprint from State Senator Lori Berman’s report : Special Session 2022D Florida’s property insurance market is currently the worst in the nation. Last week, we returned to Tallahassee in the hope of working towards meaningful solutions to address this crisis that has fallen upon our people.  CS/SB 2D: Property Insurance: This legislation: 

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